Elon Musk Plans SpaceX Share Sale and IPO That Could Make Him First Trillionaire

According to reports, SpaceX has outlined plans to go public on U.S. stock markets, allowing ordinary investors to buy and sell its shares. The listing could take place as early as next month under the ticker “SPCX,” although the timeline has not been officially confirmed.

SpaceX, which builds rockets and operates the Starlink satellite internet service, also has ties to Musk’s artificial intelligence venture xAI. The company is expected to become one of the largest IPOs in Wall Street history.

The company is currently valued at around $1.25 trillion. Given Musk’s significant ownership stake, his shareholding could be worth more than $600 billion after the IPO. Musk is already the world’s richest individual and previously became the first person to surpass $500 billion in net worth.

Financial disclosures show that SpaceX generated $18.6 billion in revenue last year but recorded a net loss of $4.9 billion. In the first quarter of this year, it reported $4.7 billion in sales with a $4.3 billion loss.

The company also reports total assets of $102 billion, including rockets and equipment, alongside $60.5 billion in debt. It has also acknowledged more than $500 million in potential legal liabilities related to ongoing lawsuits.

Among the legal challenges are claims involving intellectual property disputes, alleged violations of European Union content moderation laws, copyright infringement, and data-related cases. Some allegations are linked to the use of xAI’s chatbot “Grok,” including concerns over deepfake content.

SpaceX has also recently signed a major agreement with AI competitor Anthropic, under which the company will reportedly pay about $15 billion annually for data center usage in the southern United States.

Despite controversies surrounding Musk’s AI ventures, SpaceX and its Starlink business remain dominant players in the aerospace and satellite internet industries.

The IPO announcement comes shortly after Musk lost a high-profile legal case against OpenAI and its CEO Sam Altman, where he alleged the company had shifted from its original nonprofit structure. However, the court dismissed the case on procedural grounds.